Kushner Cos defaults on major Times Square retail property

Kushner Cos defaults on major Times Square retail property

The fallout from the coronavirus crisis threatens to cost the Kushner family its Times Square property. As per reports, Kushner Companies LLC failed to make the mortgage payment due for March on the retail space in the old NYT building. This comes after it was late on the payments for Nov, Jan and Feb. In addition to a $200M senior mortgage, the company took out an $85M loan on the property.

Nomad
Nomad
TheTrooper424
TheTrooper424 1 months

Late on November, January, and February's payment as well? There's no blaming the Coronavirus for this failing business.

Lucy
Lucy 1 months

Isn't this the same guy who gave himself tax breaks?

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